--- title: "US IPO Weekly Winners & Losers" type: "News" locale: "en" url: "https://longbridge.com/en/news/292406449.md" description: "SK hynix's US IPO raised $26.5 billion, marking a major milestone in the 'Year of the Mega IPO' and AI infrastructure financing. The stock rose 12.8% post-listing. Upcoming deals include data center operator Csquare and nuclear fuel maker Standard Nuclear. While the broader market gained, the Renaissance IPO Index remained flat, with Ingram Micro leading gains and Firefly Aerospace declining significantly, highlighting high volatility among new listings." datetime: "2026-07-12T16:01:54.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292406449.md) - [en](https://longbridge.com/en/news/292406449.md) - [zh-HK](https://longbridge.com/zh-HK/news/292406449.md) --- # US IPO Weekly Winners & Losers **SK hynix's** (Nasdaq: SKHY) highly-anticipated US listing raised $26.5 billion, the second-largest equity offering **_ever_** for a new listing after SpaceX. Already listed in Korea, the high-bandwidth memory chip maker priced its US IPO at $149, a slight premium to its volatile Korean share price, and traded up +12.8%. That’s an impressive return for a large cross-listing with liquid trading abroad. The message to the global AI supply chain is loud and clear: US markets are open for business. SK hynix shows that foreign-listed tech companies can raise billions in capital here, potentially at a premium to local markets. SK hynix also cements two dominant IPO themes for the year. 2026 is now: - _The Year of the Mega IPO_ - _The Year that financed the AI Revolution’s infrastructure_ It’s hard to overemphasize how much 2026 public (and private) markets have been dominated by AI and related infrastructure deals. Money spent on the chips, power, equipment, buildings, and construction of vital data centers. Two IPOs are on the docket for next week, and both fit the AI infrastructure theme. Formed by PE firm Brookfield, data center operator Csquare (NYSE: CSQR) is similar to REITs like Equinix or Digital Realty, but pitched at a discount to those peers to make up for its low margins and lack of a dividend. Standard Nuclear (NYSE: STDN) is an early-stage manufacturer of specialized nuclear fuel for small modular reactors. And the rest of July? Moderate activity, based on recent filings: expect about 2-4 IPOs per week until the annual August pause. The IPO Index was flat this week, compared to a +1.2% gain for the S&P 500. Technology distributor **Ingram Micro** led the IPO Index winners, up +13.3%, alongside energy (VG) and AI data center (CRWV) stocks. Aerospace and defense brought up the rear, with **Firefly Aerospace** off -16.6%. Lastly, we see IPO investors wrestling with high volatility, even if it doesn’t show up in the VIX. The tug-of-war between bulls and bears: The Renaissance IPO Index returned 0.0% last week vs. 1.2% for the S&P 500. ### Related Stocks - [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md) - [FLY.US](https://longbridge.com/en/quote/FLY.US.md) - [INGM.US](https://longbridge.com/en/quote/INGM.US.md) - [IPO.US](https://longbridge.com/en/quote/IPO.US.md) - [03121.HK](https://longbridge.com/en/quote/03121.HK.md) - [FLYT.US](https://longbridge.com/en/quote/FLYT.US.md) - [EQIX.US](https://longbridge.com/en/quote/EQIX.US.md) - [DLR.US](https://longbridge.com/en/quote/DLR.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.VIX.US](https://longbridge.com/en/quote/.VIX.US.md) ## Related News & Research - [SK: Record profit and revenue growth driven by semiconductors and AI, with major asset divestment](https://longbridge.com/en/news/295896541.md) - [Samsung Fire & Marine Insurance: Record H1 2026 profits, S&P AA upgrade, and AI-driven innovation fuel future growth](https://longbridge.com/en/news/295847615.md) - [FLY: Q2 2026 revenue soared 659% year-over-year to $117.7M, with strong contract wins and production growth](https://longbridge.com/en/news/295579375.md) - [Why this memory chip boom may have more staying power than history suggests](https://longbridge.com/en/news/296062493.md) - [d'Alba Global : Record-high revenue and profit fueled by overseas growth and global channel expansion](https://longbridge.com/en/news/295733693.md)